Dhruv Raghav

New Delhi

Sub-Editor at Gadgets 360

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gadgets360.com

Articles

HDFC Bank To Charge Fee On Real-Money Gaming Transactions Made Via Credit Cards

5 days ago | harro.com | Dhruv Raghav

Starting July 1, 2025, HDFC Bank will charge a 1% fee on online skill-based gaming transactions made via credit cards, applicable when monthly spending exceeds Rs. 10,000 on platforms such as Dream11, Rummy Culture, Junglee Games, MPL, and other similar real-money gaming (RMG) sites. This fee will be levied on the entire monthly spend and capped at Rs. 24,999. Additionally, reward points will not be awarded for such transactions. HDFC is not the only private bank to introduce such a change.
Earnings Call: NVIDIA CEO Bats For Global Collaboration To Maintain US AI Infra Superiority

1 week ago | harro.com | Dhruv Raghav

NVIDIA’s Chief Executive Officer (CEO) Jensen Huang, during the company’s first quarter conference call for the period ended April 27, 2025 (Q1FY26), advocated for collaboration between “top developers” globally—including China—so that U.S. platforms remain the preferred ones for open-source artificial intelligence (AI). The CEO also lauded the U.S. move to rescind the AI Diffusion Rule.
Earnings Report: US Export Restrictions To China Cost NVIDIA Billions in Q1FY26

1 week ago | harro.com | Dhruv Raghav

NVIDIA incurred charges worth $4.5 billion in the first quarter ended April 27, 2025 (Q1FY26), due to licensing requirements imposed by the U.S. on its H20 chip exports to China, the company revealed in its quarterly financial report. The tech giant said its sales of H20 products totaled $4.6 billion for Q1FY26 before the restrictions came into effect. “NVIDIA was unable to ship an additional $2.5 billion worth of H20 products revenue in the first quarter,” the press release stated.
How Stake’s Influencer Marketing Fuels Underage Gambling in India

1 week ago | harro.com | Dhruv Raghav

Over the last 11 months, Reddit and Instagram users in India have been shown advertisements for Stake, an online gambling casino. These advertisements promoted the launch of Stake’s India website and featured the famous Indian rapper Raftaar and Punjabi singer Karan Aujla. However, Stake’s advertisement campaigns also targeted a number of teenagers who are underage, and more alarmingly, these advertisements seem to persuade underage users to sign up on the platform.
TradeX Shuts Down Real-Money Gaming Citing 28% GST Levy

1 week ago | harro.com | Dhruv Raghav

Opinion trading platform TradeX has halted its real-money gaming operations due to the “heavy” 28% Goods and Services Tax (GST) the government is levying on online gaming platforms, the company announced in a memo. TradeX Software India Private Limited, the parent company of the platform, said that the current tax regime “favours” bigger companies in the sector, and makes growth and profitability a challenge for it. Further, TradeX is transitioning to a free-to-play, casual social gaming platform.
Airtel Calls For Joint Industry Action On Telecom Fraud

1 week ago | harro.com | Dhruv Raghav

Bharti Airtel has urged its market competitor Reliance Jio to join forces to curb the “menace” of telecom fraud, according to a letter seen by MediaNama. The telecom giant also sent letters to the Department of Telecommunications (DoT) and the Telecom Regulatory Authority of India (TRAI) informing them of the same. As per the Hindu Business Line, Airtel sent a similar communication to Vodafone Idea.
SC Orders Stay on Paytm’s First Games GST Show Cause Notice, Tags It With Other Gaming Industry Petitions

1 week ago | harro.com | Dhruv Raghav

The Supreme Court of India has stayed the Goods and Services Tax (GST) show cause notice against Paytm’s gaming subsidiary, First Games Technology Private Limited, the payments company disclosed in a regulatory filing. The apex court has ordered that the company’s challenge to the Directorate General of GST Intelligence’s (DGGI) Rs 5,712 crore tax liability notice will be heard with other real money gaming companies’ appeal against the 28% GST mandate.
What Are the Risks of Sarvam AI’s New Text-to-Speech Model for Indian Users?

3 weeks ago | harro.com | Dhruv Raghav

Indian artificial intelligence (AI) startup Sarvam AI has announced the launch of its new text-to-speech (TTS) model, Bulbul v-2. The company stated that the new AI model supports 11 Indian languages with “authentic” Indian accents. In a promotional video, the Bengaluru-based startup compared its new AI model with ElevenLabs’ voice AI tool to demonstrate that it was faster and more efficient. Users can also upload their own voice samples to generate TTS audio files.
Earnings Report: Reddit Q1 2025 Ad Revenue Jumps 61% YoY to $358.6 Million

3 weeks ago | harro.com | Dhruv Raghav

Reddit has earned a net income of $26.2 million in the first quarter of 2025 (Q1 2025), the company reported in a press release. This marks a strong recovery from a loss of $575.1 million in the same quarter last year. The turnaround is largely driven by a 61% year-on-year (YoY) surge in advertising income, which now contributes over 91% of Reddit’s total revenue. Total Revenue: Reddit’s revenue rose to $392.4 million, up 61% YoY.
Court Finds Google Guilty of Ad Tech Monopoly, DOJ Demands Sale of Key Products

4 weeks ago | harro.com | Dhruv Raghav

The US Department of Justice (DOJ) has proposed that Google should sell two of its products in the ad tech space as remedial action against it’s monopoly in the online advertising market, a court filing revealed. The development comes after the Eastern District of Virginia found the search engine developer guilty of “willfully acquiring and maintaining monopoly” in the ad tech market on April 17, 2025.